Marks & Spencer Group (LON:MKS) Rating Reaffirmed

Expert analysts at JP Morgan Cazenove now has a GBX 550.00 Estimated Target Price on Marks & Spencer Group (LON:MKS). JP Morgan Cazenove and their recent Estimated Target Price means a potential upside of 20.69% from the company’s current price. The rating has been announced to investors in an interesting research report on Monday morning.

From a total of 26 analysts covering Marks Spencer Group PLC (LON:MKS) stock, 14 rate it a ”Buy”, 5 a “Sell”, and 10 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is GBX 700 while the lowest target price is GBX 450. The mean of all analyst targets is GBX 578.42 with a 27.18% above today’s (GBX 455.75) stock price. Marks Spencer Group PLC was the topic of 81 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Buy” rating. Nomura maintained shares with “Buy” rating and GBX 600 target share price in a report from a December 7. JP Morgan maintained MKS stock in a recent report from December 14 with “Neutral” rating. Goldman Sachs maintained the rating on December 3. Goldman Sachs has a “Sell” rating and a GBX 525 price target on shares. Finally, RBC Capital Markets maintained the stock with “Top Pick” rating in a report issued on a December 7.

The stock decreased 2.01% or GBX 9.35 on December 14, striking GBX 455.75. Approximately 6.41M shares of stock traded hands or 28.71% up from the average. Marks and Spencer Group Plc (LON:MKS) has declined 18.12% since May 15, 2015 and is downtrending. It has underperformed by 13.70% the S&P500.

Marks and Spencer Group plc is a retailer in the United Kingdom. The company has a market cap of 7.43 billion GBP. The Firm is the holding firm of the Marks & Spencer Group of companies. It has 17.45 P/E ratio. The Firm operates through five divisions: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV to provide the services of Christmas Shopping, Style & Living, Women, Lingerie, Beauty, Men, Kids, Home, Food & Wine, Flowers & Gifts, Outlets, Television, Energy and M&S Bank.